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No, because to do that and not ruin myself I need to know roughly when the double will burst. Just knowing it is a bubble is not enough.
by jeltz 11mo ago
No, because to do that and not ruin myself I need to know roughly when the double will burst. Just knowing it is a bubble is not enough.
- datavirtue 11mo agoMost investors can time this aspect of the market accurately enough. It's tough for these people to stand by and watch profit being left on the table for a year or two, though. So they get back in, seeing how long they can leave their hand on the got plate. Myself, I made the decision to go to cash a while ago, right before the recent AI pullback. Things were going great for a week until I started seeing all that money go unclaimed. I get back in, and the pullback I predicted happens. It was my own conscious decision to look past the gorilla in the room to get more free treats. I'll be fine but this is a good anecdote for how these things unfold.
- vpribish 11mo agoIt is not at all true that "Most investors can time this aspect of the market". This is laughably, absurdly, wrong - as if most people could predict the future. Here's a little advice I sincerely pray you accept : don't trade options.
- jnwatson 11mo agoExactly. I shorted Sears in 2005 when Lampert took over. I knew he was going to drive that company into the ground. Sears went bankrupt in 2018. It took a long time for the market to catch on.